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TRACON Pharmaceuticals (TCON) Stock Forecast & Price Target

TRACON Pharmaceuticals (TCON) Analyst Ratings

Based on 11 analyst ratings
Strong Buy
Strong Buy 82%
Buy 18%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

TRACON Pharmaceuticals Inc. has updated its FY24 EPS estimate positively, moving from ($0.33) to ($0.20), indicating improved financial expectations. The licensing of its cost-efficient, CRO-independent product development platform for a $3.0 million upfront payment reflects the strategic value of TRACON's operational model, which is designed to enhance clinical efficiency and reduce costs for partners. Additionally, the anticipated peak sales of Envafolimab, projected at $200 million to $300 million and potentially increasing with further indications, underscores a favorable revenue outlook as the drug is expected to launch in 2026, highlighting TRACON's growth potential in the biopharmaceutical market.

Bears say

TRACON Pharmaceuticals Inc. is facing significant challenges as indicated by the current Objective Response Rate (ORR) of 11%, which has further decreased to 5.5% when assessed by Blinded Independent Central Review (BICR). Additionally, the company's revised probability of success (PoS) for its drug candidate Envafolimab has been cut from 35% to 20%, illustrating deteriorating confidence in its development prospects. Furthermore, there are concerns regarding dilution from an increased share count estimate, which could adversely impact shareholder value moving forward.

TRACON Pharmaceuticals (TCON) has been analyzed by 11 analysts, with a consensus rating of Strong Buy. 82% of analysts recommend a Strong Buy, 18% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of TRACON Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About TRACON Pharmaceuticals (TCON) Forecast

Analysts have given TRACON Pharmaceuticals (TCON) a Strong Buy based on their latest research and market trends.

According to 11 analysts, TRACON Pharmaceuticals (TCON) has a Strong Buy consensus rating as of Oct 2, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $12.91, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $12.91, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

TRACON Pharmaceuticals (TCON)


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